First, the big news - the legislature is meeting to vote on a budget today, and Bob is optimistic it will pass. Although the proposed budget is not as responsible as the California Jobs Budget Bob put together earlier this year, it is not as bad as many had feared it would be.
The budget is more significant for what it doesn't do than what it does. While it has contains some tough cuts, it does not decimate school funding, it does not cut college and university funds, it does not eviscerate health and social service programs, and it does not cause the loss of 430,000 public and private sector jobs that would have happened if the governor's budget plan had prevailed.
There are no new taxes on families, it has a prudent reserve, and it includes proposed reforms of the budget process itself.
More information to follow!
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